July 31 (Reuters) - Qualcomm Inc forecast current-quarter revenue below analysts’ expectations on Wednesday, sending its shares down 4% in extended trading.
The company forecast total revenue of between $4.3 billion and $5.1 billion for its fourth quarter, below analysts’ average estimate of $5.63 billion, according to IBES data from Refinitiv.
Revenue fell to $4.9 billion in the third quarter, missing analysts’ estimates of $5.08 billion.
Excluding items, the company earned 80 cents per share, beating analyst average estimate of 75 cents.
Qualcomm’s revenue for the third quarter excluded a roughly $4.6 billion payment from Apple Inc for previously unpaid royalties while the two were in a legal dispute.
Including the payment, revenue was $9.64 billion.
Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Sriraj Kalluvila